Axminster Carpets collapses into administration

Axminster Carpets collapses into administration

Image copyright Jim Holden/Alamy Image caption Axminster Carpets were tasked with recreating the original 1822 carpet at The Royal Pavilion in Brighton. Axminster Carpets has collapsed into administration after weeks of trying to secure a rescue deal.The 265-year-old firm, a supplier of carpets to the royal family, appointed Duff & Phelps as administrators on Wednesday.It…

The origins of the luxury carpet maker can be traced back to Thomas Whitty, who began making carpets and rugs in the market town of Axminster in 1755, using what became known as the Axminster method of weaving.

The family firm went out of business in the 1830s, but the tradition was revived in the town in 1937, when Harry Dutfield, the son of a Glasgow carpet designer, founded the current company.

The first carpets were bought by the likes of King George III and Queen Charlotte, who visited the factory. Today, Axminster’s luxury carpets can be found at Clarence House, the Brighton Pavilion and Twickenham Stadium.

“Despite a number of expressions of interest no acceptable offer for the core carpet business has been received, leaving no option but to appoint administrators while the remaining options are explored,” said Benjamin Wiles, a joint administrator at Duff & Phelps.

“We are continuing to explore all potential options for all or part of the remaining business and assets including the historic brand name itself.”

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